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| Welcome to today's Inside AI! Here are the top headlines: - AI.com now redirects to Elon Musk's xAI from OpenAI's ChatGPT.
- Survey finds 79% have tried out generative AI.
- Instagram is working on labels to identify AI-generated content.
- AI investment could reach $200B globally by 2025, predicts Goldman Sachs Economics Research.
Beth
p/beth-duckett | |
| 1 | | The domain AI.com, which used to forward to OpenAI's ChatGPT, now redirects users to xAI, Elon Musk's AI company. It's still unconfirmed who owns the high-value domain, acquired in 2021 before it started redirecting users to ChatGPT in February. More: - At the time, Mashable reported that domain broker Saw.com claimed responsibility for facilitating the ownership change.
- Saw.com strongly hinted that OpenAI was the new owner, though OpenAI never confirmed the purchase.
- AI.com had an asking price of $11M.
- On its website, Musk's xAI says its goal "is to understand the true nature of the universe."
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| 2 | | What happened: The latest McKinsey Global Survey on AI shows a big rise in the exposure and use of generative AI tools. The survey, conducted in mid-April 2023, reveals that many people are already experimenting with tools such as ChatGPT, although they remain relatively new. By the numbers: Overall, 79% of the respondents said they have tried out generative AI, and 22% use the tools regularly for their work. Adoption rates were highest in the tech industry and North America. The most common uses of GenAI tools were reported in marketing and sales, product development, and service operations. The bigger picture: Three-quarters of the respondents believe GenAI will lead to significant changes in industry competition over the next three years. The tech and financial sectors expect the most disruption, but knowledge-based industries like banking and education also see significant effects. On the other hand, industries that rely more on physical labor, like manufacturing, may be less affected. 
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| 3 | | Instagram is developing labels to identify AI-generated content, as revealed by app researcher Alessandro Paluzzi. A screenshot shows a notice stating that an image was "generated by Meta AI." More: - The labels would help users spot content modified or created by AI more easily.
- They also offer a definition of generative AI and how to identify AI posts.
- At the bottom, the notice includes a link to learn more about AI in Meta's products.
Zoom out: - As noted by ZDNet, popular Instagram influencers like Lil Miquela, Imma, and Shudu are actually AI-generated.
- The development comes during Meta's potential launch of AI chatbot "personas" on Instagram and Facebook.
- Meta, along with Google, Microsoft, OpenAI, and others, recently made commitments to the White House to meet certain safeguards for responsible AI.
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| 4 | | AI investment could reach $200B globally by 2025, potentially surpassing the impact of electricity and PCs on GDP, predicts Goldman Sachs Economics Research. Generative AI, in particular, could boost labor productivity by over one percentage point annually in the decade after widespread adoption, according to the report. The findings: - To achieve the transformation, businesses need substantial upfront investments in physical, digital, and human capital.
- Of the $200B in investments expected by 2025, half is projected to be in the U.S.
- This could possibly contribute up to 4% of the U.S. GDP and 2.5% to other AI-investing nations.
- AI investment is expected to focus on four key business segments: companies developing models, infrastructure suppliers like data centers, firms developing AI-enabled software, and enterprise end-users.
Zoom out: - While AI adoption is in the early stages, surveys show most CEOs expect to adopt AI within three to 10 years, hinting at a meaningful impact on the U.S. economy between 2025 and 2030.
- The generative AI industry is projected to grow to $1.3 trillion by 2032.
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| 5 | | NASA, IBM, and HuggingFace partnered to create a geospatial foundation model designed to process Earth science data, with the potential to contribute to the fight against climate change. The base model, trained on NASA's satellite data, could be fine-tuned for tasks like tracking deforestation, predicting crop yields, and monitoring greenhouse gases. More: - The geospatial foundation model, available on Hugging Face, was created using IBM's watsonx.ai platform.
- It was fine-tuned for flood and burn scar mapping, showing a 15% improvement in performance compared to existing state-of-the-art models while using half as much labeled data.
- The improvement could speed up geospatial analysis by 3-4 times.
- While the initial focus is on scientists, it's also expected to benefit enterprise AI use cases.
- A commercial version will be available through IBM's Environmental Intelligence Suite later this year
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| 6 | | British chip designer Arm is targeting a valuation of $60B to $70B in its IPO as early as September, riding the wave of hype surrounding AI chips, according to Bloomberg. Recent investor enthusiasm for AI companies, which heavily rely on processors that Arm can help design, could potentially boost the company's prospects. More: - The Softbank-owned company aims to raise $8B to $10B through an IPO on Nasdaq, becoming one of the largest tech IPOs ever.
- The public offering could be a significant funding boost for Arm, allowing it to expand further into advanced computing and AI applications.
- Arm recently revealed a new GPU and chipset architecture for machine learning models.
Zoom out: - Arm's designs are used in almost every smartphone worldwide, playing a critical role in chip manufacturing for major semiconductor companies such as Intel, AMD, Nvidia, and Qualcomm.
- The IPO comes during economic uncertainty and the war in Ukraine, which has led to a dry spell for IPOs.
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- LinkedIn is experimenting with integrating Microsoft Designer, an AI-driven graphic design platform akin to Canva.
- Google is testing AI to auto-generate video summaries on YouTube, providing brief overviews of video content without replacing human-written descriptions.
- Tenstorrent, a Canadian startup led by chip industry veteran Jim Keller, secured $100M in funding from Hyundai Motor Group, a Samsung investment fund, and other investors. The company manufactures AI chips and also licenses its IP and technology to customers interested in developing their own AI chips.
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 | AI and technology writer | | Beth is a writer and editor at Inside.com covering artificial intelligence and daily technology news. She has written the Inside AI newsletter since 2019. You can reach her at Beth.Duckett@inside.com. | | This newsletter was edited by Christopher Hachey | |
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